More than one thirdof 18 to 24 year olds reported no income through wages or a salary in 2022, according to a recent report out of the St. Louis Fed. That figure is up from about 22% in 1990.
Why it matters: A new generation of workers are dropping out of the workforce before they even begin, despite a resilient labor market, while also struggling with mental health.
It wasn't that long ago that experts were worrying that women, especially moms, would never recover from the shock of 2020. But when it comes to the job market, they turned out to be wrong.
The big picture: More mothers are working now than before the pandemic began.
Widening geopolitical divides are disrupting global trade flows, creating spillover effects that are dividing the world's economies into competing blocs, a top International Monetary Fund official warned this week.
Driving the news: At a speech at Stanford University on Tuesday, IMF First Deputy Managing Director Gita Gopinath said that global economic ties are shifting in ways that have not been seen since the Cold War's conclusion.
